Global Justice Now, a NGO based in the UK released a report on the Bill and Melinda Gates Foundation (BMGF), criticizing it on a number of reasons and questioning their overall positive contribution to society. The report relies solely on publicly available data and statements from experts and insiders of relevant fields. They criticize the BMGF for the following, prime reasons: Lack of democratic accountability and oversight despite being the 12th largest development aid donor Extensive support for an intensified role of multinational corporations worldwide Extensive support for GM research, including financing for GM PR Extensive support for intellectual property…
The religion of capitalist economics
In earlier posts we mentioned the Oxfam report entitled “The cost of inequality: how wealth and income extremes hurt us all,” which outlined how the annual income of richest 100 people is enough to end global poverty four times over (i.e. while the annual net income of the world’s richest 100 billionaires is about $240 billion, the estimated cost of raising everyone worldwide above the $1.25 a day poverty line is about $66 billion). Recently Oxfam released another report, “Working for the Few: Political capture and economic inequality,” which maps the the general distribution of wealth on a global level.…
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